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IIFL Finance Bonds
Secured Redeemable NCDs
Annual Returns:
8.75%* p.a.
Issue opens: 8th December, 2021 | Issue close: 31st December, 2021 Issue Price / Face Value: ₹ 1,000 per NCD

Credit rating: CRISIL "AA"& BWR "AA+"

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IIFL Finance Limited is a Systemically Important Non-deposit accepting Non-Banking Financial Company registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. IIFL offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, micro finance, construction and real estate finance and capital market finance, catering to both retail and corporate clients.

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IIFL Bonds Issue Highlights:

Tranche II Issue Opens Wednesday, 8th December, 2021
Tranche II Issue Closes Friday, 31st December, 2021 *
Registrar Link Intime India Pvt Limited
Allotment First Come First Serve Basis
Issue Price ₹ 1,000 per NCD
Face Value ₹ 1,000 per NCD
Minimum Application ₹ 10,000/- only
Base Issue Rs. 100 Crores
Option to Retain Oversubscription Amount Rs.900 Crores
Tranche II Issue Size Rs. 1,000 Crores
Nature of Indebtedness Secured Redeemable NCDs
Credit Ratings "CRISIL AA/Stable" by CRISIL and "BWR AA+/Negative" by Brickwork

Terms of the Issue

Series I* II III IV V VI VII VIII
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Cumulative
Minimum Application ₹10,000 (10 Secured NCDs) across all series
In Multiples of thereafter (₹) ₹ 1,000 (one Secured NCD)
Face Value/ Issue Price of Secured NCDs (₹/ Secured NCD) ₹ 1,000
Tenor (in months) 36 36 60 60 60 84 84 84
Coupon (% per annum) for Secured NCD Holders in all Category 8.25% NA 8.20% 8.50% NA 8.43% 8.75% NA
Effective Yield (% per annum) for Secured NCD Holders in all Category 8.24 % 8.25 % 8.51 % 8.50 % 8.50 % 8.76 % 8.74 % 8.75 %
Redemption Amount (₹/ Secured NCD) on Maturity for Secured NCD Holders in all Category ₹1,000 ₹1,268.80 ₹1,000 ₹1,000 ₹1,504.00 ₹1,000 ₹1,000 ₹1,799.75
Maturity / Redemption Date (Months from the Deemed Date of Allotment) 36 months 36 months 60 months 60 months 60 months 84 months 84 months 84 months
Nature of Indebtedness Secured Redeemable Non-Convertible Debentures
Put/ Call Option NA
Mode of Interest Payment Through various modes available

Why Subscribe to IIFL Finance NCD?

  • 1. Earn highly attractive fixed yield of 18.75% p.a over 5 years as compared to ~5.0% from bank fixed deposits.
  • 2. IIFL has consolidated Assets Under Management of Rs. 44,688.03 crores as on June 30, 2021.
  • 3. Different interest payout options are available - monthly, annual, and cumulative
  • 4. Easily tradeable as the issue will be listed on BSE & NSE.
  • 5. No TDS deduction as the holding will be in demat mode.
  • 6. The instrument rated AA (Stable) by CRISIL, thus carrying a high degree of safety regarding timely servicing of financial obligations.
  • 7. Easy to invest as UPI mechanism has been introduced for retail investors (application amount of upto ₹ 2 lacs)